Someone paid $1.3 million for a tiny parking space, only 12.5 m².

Written by Fabio Lucas Carvalho

Published on 12/06/2026 at 18:59

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In Hong Kong, a parking space of 134.5 square feet, about 12.5 m², linked to the Mount Nicholson development reached US$ 1.3 million, surpassed another local record, and exposed how ultra-luxury properties and limited urban space drive prices to rare levels.

A parking space in Hong Kong was sold for US$ 1.3 million at Mount Nicholson, an ultra-luxury development overlooking Victoria Harbour and among the most expensive residences in Asia.

Parking space breaks record

The space is 134.5 square feet and was part of spaces for sale in the development. The value surpassed the previous record of US$ 980,000, also in Hong Kong.

The figure draws attention because it exceeds the price of many houses. In one of the most expensive markets in the world, a parking space becomes coveted when there is high purchasing power.

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Mount Nicholson concentrates ultra-luxury

Mount Nicholson brings together high-standard residences. The view of Victoria Harbour explains the prestige of the address and the interest in items associated with the property.

In this context, the parking space ceases to be just a place to store a car. It matches the standard of the development and the rarity of private spaces.

Other spaces also cost a lot

Although the case in Hong Kong is the most expensive mentioned, there are examples of spaces costing US$ 150,000 in Shanghai and US$ 525,000 in Sydney. In London, a narrow space reached US$ 66,000.

The sale of the parking space took place in June 2021, at Mount Nicholson, an ultra-luxury development located in The Peak, Hong Kong. The space was negotiated for HK$ 10.2 million, about US$ 1.3 million, according to the newspaper The Standard, which published the case on June 3, 2021.

What do you think of this amount paid for a parking space? Leave your opinion in the comments and tell us if, for you, the scarcity of space in large cities explains such high prices or if this type of purchase still seems far from the reality of most people.

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Someone paid $1.3 million for a tiny parking space, only 12.5 m².

In Hong Kong, a parking space of 134.5 square feet, about 12.5 m², linked to the Mount Nicholson development reached US$ 1.3 million, surpassed another local record, and exposed how ultra-luxury properties and limited urban space drive prices to rare levels.

Parking space breaks record

Mount Nicholson concentrates ultra-luxury

Other spaces also cost a lot

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Someone paid $1.3 million for a tiny parking space, only 12.5 m².

In Hong Kong, a parking space of 134.5 square feet, about 12.5 m², linked to the Mount Nicholson development reached US$ 1.3 million, surpassed another local record, and exposed how ultra-luxury properties and limited urban space drive prices to rare levels.

Parking space breaks record

Mount Nicholson concentrates ultra-luxury

Other spaces also cost a lot

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

In just one cast, fishermen are surprised to capture 14,096 mullets in Bombinhas and close a historic season with 58,000 fish; scene recorded in the Santa Catarina paradise marks the last day of the 2026 season.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

Motorcyclist sees excavator arriving at the edge of a river in Bosnia, calls neighbors in minutes and turns a hydroelectric project into a resistance lasting more than 10 years with five expired concessions.

Isolated in the Atlantic, an African island with about 5,000 residents reported dynamite explosions at a construction site, feared damage to water and crops, and ended up almost a year without internet.

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A hospital in the United States freezes 280,000 liters of water overnight, stores it in 27 tanks, and uses the ice the next day to cool surgical rooms without relying solely on air conditioning.